...INTERNSHIP PROPOSAL Green Banking Initiatives of IBBL-A study on progress and performance Green Banking Initiatives of IBBL-A study on progress and performance Submitted by Md. Fahmidul Huque ID: BBA 090250548 Email: fahmidulhuque@gmail.com Department of Business Administration Northern University Bangladesh Submitted to Md. Masukujjaman Senior Lecturer of Finance Department of Business Administration Northern University Bangladesh Introduction: Bangladesh is one of the largest Muslim countries in the world. The people of this country are deeply committed to Islamic way of life as enshrined in the Holy Qur'an and the Sunnah. Naturally, it remains a deep cry in their hearts to fashion and design their economic lives in accordance with the precepts of Islam. One of the nation’s leading banking specialists of uncompromising quality in several world class banking. The leading banking company of Bangladesh has been making every effort to ensure the effectiveness and safety of the financing which it makes sure. Islami bank provides the highest quality financing at comfortable facilities to fulfill the needs of the millions of people of the country. The establishment of Islami Bank Bangladesh Limited on March 13, 1983, is the true reflection of this inner urge of its people, which started functioning with effect from March 30, 1983. This Bank is the first of...
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...Reflection of Auditing Lisa Harris AC410 November 26, 2013 Mark Craymar Reflection of Auditing What I gained from these last ten weeks will enable to have a better understanding of everything that goes on within an audit. In any company there must be segregation of duties to ensure there is no misstatements. I am starting a new job in a few weeks and one of the topics that was discussed during my initial interview was segregation of duties. The discussion evolved around the fact that tellers could be responsible for many duties but due to the segregation of duties rule there were certain tasks creating a risk of fraud. Auditors have a duty to investigate anything they feel may be fraud or possible misstatement. This also goes for anyone hired to review records such as a CPA or any individual in charge of reviewing Financials. It would also be their responsibility to report any wrong doings within the company. If they become knowledgeable of any wrong doing they should immediately report it to a higher authority or to the board of directors. As I pursue my career in accounting I will remember all of this information, and if I should encounter any wrong doing I intend to report it. I did not realize how much entailed in the requirements of an audit, I worked in banking for many years and understood we were audited every year and certain things they looked for, but did not truly understand the full extent of it until I took this class. I have more respect...
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...GLOBAL CORPORATE STRATEGY Name Course Instructor School Date Abstract. The report seeks to answer questions relating to Lloyd banking group, an internationally accredited bank that offers several services. Several issues are addressed in the report. The first issue being addressed is the merit and demerits of globalization in the global financial industry. Additionally, the threats and opportunities facing Lloyd Bank are looked at. The second issue being addressed focuses on the role of strategic alliances of mergers and acquisitions in the implementation of the e-banking system. Lastly, the role of corporate governance and corporate social responsibility is addressed. A personnel reflection and a conclusion sum up the paper. Table of Contents Abstract. 2 QUESTION 1: Firms’ Competitiveness in the Global Financial Services Industry 3 Merits of globalization 3 Demerits of Globalisation 4 Opportunities 5 Threats 6 Question two: E-Banking – The Role of Alliances, Mergers, and Acquisitions 7 Question three: Corporate Governance, CSR, and Competitiveness Leadership 12 Question four: Personal Reflections on Learning and Overall Report Presentation 15 Conclusion 16 Reference 17 QUESTION 1: Firms’ Competitiveness in the Global Financial Services Industry Merits of globalization Globalization of financial services has resulted in more banks increasing their consumer or customer base since they can exploit different areas across the world. The perfect example in this case...
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...ECONOMIC FORECASTING PAPER Team B Weekly Reflection - Economic Forecasting Paper Chelsea Heyd, Andrea Zugelder, Roberto Foster, Pam Pudans, Kelly Day August, 26th 2014 ECO/372 BARNHILL Team B Weekly Reflection - Economic Forecasting Paper The following includes a list of resources that could be used to gather historical economic data as well as economic forecast data. The resources included are general enough to be applicable to a broad range of potential research project types. However, the data that is accessible in any of the following resources is specific enough to not only represent correctly quantifiable theories with facts, but also to display facts relevant to a variety of potential historical economic research as well as economic forecasting. Chicago Fed National Activity Index (CFNAI) Monthly, this resource measures overall economic activity and inflation based on production and income. Also, employment, unemployment, and hours worked is tracked and displayed using this web resource. Several other unique, key data that can be found her includes personal consumption and housing; and sales, orders, and inventories. The data shown in this resource is valuable for predicting inflation, as well as gauging current and future economic activity in the US on a Macroeconomic level. FDIC State Profiles These state profiles have recently been updated as a quarterly data sheet that summarizes the banking and economic conditions of each of the 50 states...
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...Wang and Yikun Du Prefatory note The report is based on the analysis of a classic management case that about the Citibank and the strategy performance management tool it performed, the balance scorecard. After analyzed the Citibank case, our research group came up the question: What are the main reasons Citibank fails to measure customer satisfaction and what can be done to change this, and the other steps we have to take in order to answer the question. We would like to thank all those who have given us their generous help, commitment and enthusiasm, which have been the major driving force to complete the current paper. However, we should thank every member in the team at first. Everyone in the group tried their best to find sources and materials, finish their own part in time. And thanks to our university and all the teachers who give us academic knowledge and skills. This proposal is mainly finished by ourselves. There must be some mistakes, because of our carelessness and limitation of knowledge. We are sincerely looking for your feedback. Yihai Wang, Marten Moolhuizen, Bryan Rinders, Alrawahi Hemi and Yikun Du 2015.10.20 Enschede Executive Summary The reason why this proposal is made is because of a change in strategies in 1995, the California division of Citibank decided to implement a new performance scorecard to measure a more efficiently performance management of various divisions within the company. The report is based on the analysis of this classic management...
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...believe! Be afraid of Allah and give up what remains (due to you) from Riba [(usury) (from now onward)], if you are (really) believers. −Surah Al-Baquarah, verse-278 And if you do not do it, then take a notice of war from Allah and His Messenger; but if you repent, you shall have your capital sums. Deal not unjustly (by asking more than your capital sums), and you shall not be dealt with unjustly (by receiving less than your capital sums). −Surah Al-Baquarah, verse-279 1. Introduction Of The Report Bangladesh is one of the largest Muslim countries in the world. The people of the Muslim community wishes to design their economic activities in accordance with the percepts of Islam so the establishment of some numbers of Islami Bank in Bangladesh is the true reflection of long day’s deep cry in their heart. The Objective of Islami Banking is not only to earn profit, but also to do good and welfare to the people. Islam upholds that, money, income and property belong...
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...that NPLs can be classified into different varieties usually based on the “length of overdue” of the said loans. NPLs are viewed as a typical byproduct of financial crisis: they are not a main product of the lending function but rather an accidental occurrence of the lending process (Woo, 2000: 2). This is because NPLs can bring down investors’ confidence in the banking system. Only for a few defaulting borrowers, the banks suffer, depositors suffer, performing borrowers suffer, shareholders suffer, Government suffers and consequently economy and the people of the country suffer. The latest data reveal that in Bangladesh banking sector the amount of NPL is Tk 2572.65 crores (7.17% of total loans) up to September 2011. The ratio of NPL was as high as 41.1% in 1999, which came down gradually to the present level as mentioned. Unfortunately, it is much higher than in comparison to some other developing countries and still poses a threat to our banking sector. Largely based on the findings and recommendations of National Commission on Money, Bangladesh Bank (BB) adopted a number of reform measures since 1989-90 regarding Banking and credit. These measures...
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...The Role of Corporate Law in Preventing a Financial Crisis: Reflections on In re Citigroup Inc. Shareholder Derivative Litigation Franklin A. Gevurtz* TABLE OF CONTENTS I. INTRODUCTION .................................................................................................. II. CITIGROUP AS A CASE STUDY IN EXCESSIVE RISK-TAKING .............................. III. TOOLS FOR CURBING EXCESSIVE RISK-TAKING AND THE ROLE OF CORPORATE LAW ............................................................................................... A. The Tools for Curbing Excessive Risk-taking ............................................. 1. Regulation of Business Activities .......................................................... 2. Capital Requirements ........................................................................... 3. Compensation Rules ............................................................................. 4. Liability for Unreasonable Risks .......................................................... 5. Selection of Management (Rules of Corporate Governance) ............... B. Dividing the Tools Between Banking and Corporate Law .......................... IV. WHY IT MATTERS: CITIGROUP AS AN ILLUSTRATION OF THE LIMITATIONS OF STATE CORPORATE LAW ........................................................ A. Citigroup As a Case Study In Weak Corporate Law................................... 1. Overview ..................................................
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...Chapter 2 INTRODUCTION 2.1 Rationale for Selecting the Report: Every day billions of transactions are made around the world. So, there is no matter to surprise that Cash Management is an incredibly important area for banks. Cash management is evolving local and cross border payments, collections, information management, account services, liquidity management and investment services for both corporate and institutional clients. To reach a high volume of financial profit SCB looking for different procedures of customer payments. Through which they can provide the customer best service and also transfer or pay the money as quick as possible. They use lots of technology and a worldwide system for making the transaction and keeping of data. This sector also involves optimizing the way it makes internal and external payments, and making the best use of internal liquidity (cash owned by the company) to reduce the need for external loans. This is the main reason to be rationale for choosing this topic. It can be said that this report is also important for SCB because, by this report it will create awareness among the employees and customers about the present payment procedures. It will also help them to improve their services and also find faults and remove those errors. If I am working on this topic it will also help me to know more about cash management system of this bank. 2.2 Overview of Company: Standard Chartered Bank has been operating...
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...Islami Bank Bangladesh Limited. As the internship continued, I not only learned about the activities and operations of correspondent Bank, but also gathered some knowledge about the basic business of banking in first one month of my internship period. Islami Bank Bangladesh Limited pursues decentralized management policies and gives adequate work freedom to the employees. This result in less pressure for the workers and acts as a motivational tool for them, also gives them encouragement and inspiration to move up the ladder of success. Overall, I have experienced a very friendly and supporting environment at Islami Bank Bangladesh Limited, which gave me the pleasure and satisfaction to be a part of them for a while. While working in different departments of this branch I found each and every employee is friendly to me to cooperate. They have discussed in details about their respective tasks. I also participated with their works. So I learnt the Banking operations of three departments of IBBL: (1) General Banking (2) Investment & (3) Foreign Exchange etc. While making this report I tried to discuss the activities of the Bank regarding their different Investment-modes now performing and the activities I focused on their nature. 1.1 Origin of the Report: The report named “Diversified portfolio & Performance analysis” of Islami Bank Bangladesh Limited was offered by Islami Bank Bangladesh Limited on January 25, 2007 as a requirement for the completion of the...
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...BANGLADESH A Report submitted in partial fulfillment of the degree of Bachelor in Business Administration (BBA) REPORT TOPIC: Islamic Banking System in Bangladesh Course name: INTRO. TO BEHAVIORAL SCIENCE Section: F (BBA) Course Instructor: MOHAMMAD MOSTOFA JAMAN Faculty of Business Administration Department of BBA American International University-Bangladesh Group Members Name and ID: 1. Nahar Tanjin 2. Nibir Md. Nahidul Islam 3. Niger Farzana 4. Hossain Mohammad Saddam 5. Mustasin Abdullah Al Date of Submission: 13th December, 2011 SOCIAL ISLAMI BANK LTD. A Joint Venture Islamic Bank SOCIAL ISLAMI BANK LIMITED 15, Dilkusha Commercial Area Dhaka-1000 Bangladesh Phone: 880-02-9559014, 9557499, 9568275, 9565647 Fax: 9568098 E-mail: info@sibl-bd.com ceo@sibl-bd.com URL: www.siblbd.com Webmail: mail.sibl-bd.com LETTER OF TRANSMITTAL 13TH December, 2011. MOHAMMAD MOSTOFA JAMAN Faculty of Business Administration Department of BBA American International University-Bangladesh Subject: Submission of the report on Islamic Banking System in Bangladesh. Dear Sir, Following your instruction we have prepared a formal report on “Islamic Banking System in...
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...learned by the students. Most of the time, the students are required to study a practical working environment of any organization or industry to critically examine ‘what is actually going on’ in the real world. This document is prepared as a result of an assignment set by the honorable course teacher of the course “Fundamental of MIS”. .My duty was to describe “Information System of My Organization.” and report what I found. This is how this assignment paper titled “Information System of Standard Bank Limited.” was emerged. I believe this paper is a reflection of accumulation of my effort, learning and dedication. Letter of Transmittal November 8, 2014 Dr. Mosharraf Hossain Professor MBA (Evening) Program Department of Management Studies University of Dhaka Subject: Submission of term paper on Information System of Standard Bank Limited. Dear Sir, With due respect, it is my immense pleasure to present the term paper entitled “Information System of Standard Bank Limited.” In the process of preparing the report, I have consulted your hand notes, different referred books and other related...
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...Week 4 Team Reflection Dana Sweet, Daniel Marquez, Diana Bak, Donna Eastwood, and Kimberly Dillman July 28, 2013 ECO/372 Kevin Mc Kinley Week 4 Team Reflection Already we are into week four of our class in macroeconomics. This week held some insights for us all. We learned about assets, deficits, surplus, and debts. We also learned about fiscal policy and the problems involved with it. We all enjoyed the discussion questions. Everyone had their own beliefs about the system and how to change the OPEC oligopoly. It was all very interesting. Kimberly states in week four the material covers deficits, surplus, debt, and assets. First the material defines deficits and surplus that was easy to comprehend and extremely enlightening. As a former college student majoring in business the terms should be comprehendible but was surprising to learn the true meaning of both deficits and surplus. Deficits and surplus are both dealing with money, first the chapter 17 defines deficits as a shortfall in revenues under payments, explaining that surplus was the opposite, and this was easily understood. After further detail about deficits and surplus the chapter later introduces the definition of debt and assets is common knowledge. The material goes on to explain the difference between individual and government debt. The material concludes the chapter by explaining the burden of the US government deficits or debt. Kimberly also believed that in chapter...
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...Photograph: Murdo MacLeod Do not read this book if you have high blood pressure. The collapse of RBS; the multibillionpound bailout (courtesy of you and me), and the smug indifference of the guilty men is one of the parables of the ills of contemporary capitalism. Iain Martin tells it brilliantly, mixing furyinducing narrative with an acute eye for the broader conclusion. Of all the many tales about the global financial crash, I have not read a more compelling one. The star of the show, the pantomime villain, is Fred Goodwin, aka Fred the Shred (a nickname he apparently quite liked), a man who made up for his ignorance about the complexities of banking with hubris and bullying. His story (in a nutshell): modest home in Paisley (although not nearly as "salt of the earth" as he would have people believe), trains as accountant, moves into banking, takes over the Clydesdale, is head-hunted for RBS… and the rest is opprobrium. The bank's story (in a nutshell): formed shortly after the acts of union, expands into England to exploit the wealth from empire in the late 19th century, known for centuries for its canny 1 management of money, following the Thatcher "big bang" it wants to join the global league. Cue Fred. In 1998, Goodwin was brought in as deputy chief executive and, together with his board, set about the great aggrandisement of the Edinburgh-based bank. He had already acquired a reputation as someone not to be messed with. One former...
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...are public figures, making it easy for people to put a name and face as the target of their dissatisfaction. Finally, in order for us to evaluate their compensation we need to draw a parallel between their performance as CEOs and their salary (including bonus), as well as compare them to CEOs in other industries. To assess performance, take into consideration that a country’s GDP is broken-down into four components: personal consumption expenditure, which is further broken down into goods and services; business investment; government spending; and net exports of goods and services. With the greatest US GDP contributor being personal consumption expenditure, services alone accounted for 46% of what the nation produced in 2011; and, the banking industry falls into that category. Moreover, if you take a look at exhibit1, which shows a further detailed breakdown of the US’s GDP in 2009 – when we engaged in a bull market – the finance, insurance, real estate, rental, and leasing sector represented 21.5% of the country’s output. This goes to prove that whether bankers are undercompensated or not, they are indeed the top performers and the driving force in this country’s economy. In order to draw a parallel to exhibit1, lets look at the compensation for CEOs in 2009 as...
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